Scotts Miracle-Gro Company (SMG)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -34,900 | -380,100 | -437,500 | 512,500 | 387,400 |
| Revenue | US$ in thousands | 3,553,100 | 3,371,900 | 3,804,700 | 4,835,700 | 4,051,100 |
| Net profit margin | -0.98% | -11.27% | -11.50% | 10.60% | 9.56% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-34,900K ÷ $3,553,100K
= -0.98%
The net profit margin of Scotts Miracle-Gro Company has fluctuated over the past five years, reflecting varying levels of profitability. In Sep 30, 2024, the company reported a net profit margin of -0.98%, indicating a slight loss. This marks an improvement compared to the previous year's net profit margin of -11.27% in Sep 30, 2023. However, there is still room for enhancement as the company has not yet achieved positive profitability.
In the financial year ended Sep 30, 2022, the net profit margin was -11.50%, showing a decrease from the previous year. The company experienced a significant improvement in profitability in the financial year ended Sep 30, 2021, with a net profit margin of 10.60%. This positive trend continued into the following year, with a net profit margin of 9.56% in Sep 30, 2020.
Overall, the company's net profit margin performance indicates fluctuations in profitability levels. The negative margins in recent years signify challenges in generating profits, while the positive margins in the earlier years demonstrate successful periods of profitability. Further analysis of the company's cost structure, revenue streams, and operational efficiencies is essential to discern the factors driving these fluctuations in net profit margin.
Peer comparison
Sep 30, 2024